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The brokerage industry is one of the most highly regulated industries out there. It's insane the number of contradictory rules and regulations you can trip over.
I don't know the particulars of the guy's case but I do know you don't taunt powerful regulators...and this guy did. DAs love to make their bones on these guys. Seven years for being a jackazz seems like a lot though.
Yep. While I can't quite muster any sympathy for him, the government's selective enforcement in this case is worrisome.
To add some clarity for those of you who can't get your heads around this concept: Suppose a police officer ticketed every black motorist who he/she observed failing to signal a lane change, but only ticketed the occasional white driver. Your "well, they were breaking the law" argument starts seeming a little silly, doesn't it? Selective enforcement is abuse of government power. The fact that said enforcement is targeted to a thoroughly contemptible individual doesn't make it right.
The price increase created enough attention for people to look at what was going on. If he wanted to be a successful criminal he should have set the price in a range that wasn't going to shine a spotlight on him and his company.
So on top of his other crimes, he's guilty of being an idiot for not knowing something as simple as just blending in if you want to commit a crime.
I have to admit, I did like the part where he finally lost the smug look on his face while he cried.
He did nothing wrong with raising the price.
I don't know anything about his fraud against investors, but like I said, everybody is guilty of something.
When the government selectively "enforce" the law, it is not right.
Yes, you should have known that the world is full of idiots who would cheer when their rights are being stripped away or when they are being walked into the slaughterhouse.
Like I said, only a fool would think this is a good thing.
The brokerage industry is one of the most highly regulated industries out there. It's insane the number of contradictory rules and regulations you can trip over.
I don't know the particulars of the guy's case but I do know you don't taunt powerful regulators...and this guy did. DAs love to make their bones on these guys. Seven years for being a jackazz seems like a lot though.
Yes, you should have known that the world is full of idiots who would cheer when their rights are being stripped away or when they are being walked into the slaughterhouse.
Like I said, only a fool would think this is a good thing.
If having schadenfreude here is wrong, I don't want to be right. I'll take being the fool. And if he doesn't want to walk into the slaughterhouse, I'll be more than glad to push him in.
dude should have kept his mouth shut and ran with his money
He definitely should've kept his mouth shut.
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